Net loss for the three months ended March 31, 2010 was $59,597 compared to $29,448 in the comparable 2009 period. Loss per share for the period was $0.01 compared to $0.01 in the comparable 2009 period.

As previously announced, effective May 10, 2010, Consolidated Mercantile Incorporated and Genterra Inc. amalgamated to form Genterra Capital Inc. The common shares of Consolidated Mercantile Incorporated were delisted from The Toronto Stock Exchange at the close of business on May 13, 2010 and the common shares of Genterra Capital Inc. commenced trading under the stock symbol "GIC" at the commencement of trading on the TSX Venture Exchange on May 14, 2010.